[enaaem]

Europe cannot pool infinite investors money because of the fractured capital market. It's funny enough actually the lack of EU regulation that causes this. Because you get 27 different regulatory bodies, that makes cross country investments much more complicated.

That being said, I find Europe's research and industrial capacity to be underrated. Europe is very competitive in industries like cars and tooling. You don't really see American cars in Asia, but still tons of European luxury cars. Europe does well in boring tech that does not receive infinite VC money.